- Best Commercial Loan Providers Part 2
February 18, 2012
Last week in the first part of “Best Commercial Loan Providers,” we covered some essential reasons it is important that you choose a good commercial loan provider to work with in acquiring apartment loans. We also gave an example of what can happen when you choose an incompetent loan provider. We gave an example of an investor losing the purchase contract on an apartment building because of the inexperience of the lender.We also shared 3 qualities that …
- Best Commercial Properties for Commercial Financing Today
February 17,2012
If you are considering buying a commercial property as an investment and obtaining commercial financing, why not choose a commercial property type that will give you a much greater chance for success and also be easier to finance.Let’s get right to the point. Having been a top producer of commercial loans for over 14 years I can tell you that there are two commercial properties that are at the top
of this food chain for obtaining commercial … - Best Commercial Loan Providers
February 11, 2012
It is very important that you choose a good commercial loan broker to work with in acquiring an apartment loan.Here is an example of what can happen when you choose an inexperienced commercial loan broker to help you with your apartment loan: You sign a purchase agreement – you have 60 days to close – you need a loan source that will complete the apartment loan in 60 days. You are given a great rate by a …
- Sources for Commercial Loans besides Banks
February 11, 2012
If you have recently been turned down by your bank for a commercial real estate loan, don’t take it personally. Many banks today are simply not making commercial real estate loans to anyone. In most cases this is not because they do not have the money, but because they already have too much commercial real estate on their books, or because they want to play it safe and make less risky loans.In September of 2011, I brought …
- The Borrower’s Strengths Are Most Important to Qualify for an Apartment Loan (Part 4)
February 4, 2012
The last two weeks we covered part 1 through part 3 “The Borrowers Strengths are most important to Qualify for an Apartment Loan.” In getting an apartment loan, we covered 5 strengths needed. They are being strong in credit scores, liquidity, net-worth, and a lender may require that you have multifamily experience (ownership of a multifamily complex of 5 or more units) to get an apartment loan.In Part 1 – one credit score requirement we covered is …
Division of Business Loan Store
| Fixed Period | 75% - 80% |
|---|---|
| 5 Years | 3.69% - 4.05% |
| 7 Years | 4.05% - 4.38% |
| 10 Years | 4.34% - 4.64% |
| 30 Years | 6.03% - 6.32% |
Some promised low interest rates, low costs, or quick closings, but nearly all failed to live up to expectations. I just wanted consistency, reliability, and honesty. And that’s what Terry has delivered to me since 2004 and to the clients I have referred him since.
Peter Harris
TheApartmentConsultant.com
Co-Author of " Commercial Real Estate for Dummies"
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83.3%, 4.25% 35 Year Fixed
80% LTV Student Housing Loans
83.3% LTV Senior Housing Loans
Bridge/Hard Money Loans
Construction Loans